Cwm LLC Increases Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Cwm LLC boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.9% in the 4th quarter, Holdings Channel reports. The fund owned 8,748 shares of the transportation company’s stock after acquiring an additional 406 shares during the quarter. Cwm LLC’s holdings in Expeditors International of Washington were worth $1,113,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EXPD. UMB Bank n.a. grew its stake in Expeditors International of Washington by 3.0% during the 3rd quarter. UMB Bank n.a. now owns 4,266 shares of the transportation company’s stock valued at $489,000 after acquiring an additional 125 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at approximately $449,000. Czech National Bank grew its stake in shares of Expeditors International of Washington by 42.8% in the 3rd quarter. Czech National Bank now owns 25,850 shares of the transportation company’s stock valued at $2,963,000 after buying an additional 7,750 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Expeditors International of Washington by 6.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 67,479 shares of the transportation company’s stock valued at $7,735,000 after buying an additional 4,288 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in shares of Expeditors International of Washington by 3.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 86,068 shares of the transportation company’s stock valued at $9,866,000 after buying an additional 2,717 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Stifel Nicolaus increased their price target on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. increased their price target on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a research note on Tuesday, April 9th. BNP Paribas cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target for the company. in a research note on Thursday, January 11th. Finally, Bank of America started coverage on shares of Expeditors International of Washington in a research note on Friday, March 15th. They issued a “neutral” rating and a $126.00 price target for the company. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and an average target price of $108.63.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following the completion of the sale, the vice president now directly owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Up 0.1 %

Shares of EXPD stock opened at $113.30 on Friday. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17. The stock has a market capitalization of $16.08 billion, a PE ratio of 22.66, a P/E/G ratio of 8.36 and a beta of 0.99. The firm has a 50 day moving average of $118.56 and a two-hundred day moving average of $120.51.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, February 20th. The transportation company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.12). Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the business earned $1.38 EPS. The business’s quarterly revenue was down 33.8% on a year-over-year basis. Analysts expect that Expeditors International of Washington, Inc. will post 4.75 EPS for the current fiscal year.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.